Crime and Punishment: An Economic Approach

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"Crime and Punishment: An Economic Approach" is a seminal 1968 paper by economist Gary Becker that applies rational choice and cost-benefit analysis to explain criminal behavior and the design of optimal law enforcement.

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Crime and Punishment: An Economic Approach canonical 1

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Statements (48)

Predicate Object
instanceOf academic paper ⓘ
economics paper ⓘ
analyzes trade-off between probability and severity of punishment ⓘ
argues fines are often more efficient than imprisonment ⓘ
optimal enforcement balances enforcement costs and crime reduction benefits ⓘ
assumption crime is a choice among alternative activities ⓘ
individuals are rational utility maximizers ⓘ
law enforcement resources are costly ⓘ
author Gary Becker ⓘ
Gary S. Becker ⓘ
linked to: Gary Becker
centralConcept cost-benefit analysis ⓘ
deterrence ⓘ
expected utility ⓘ
fines ⓘ
imprisonment ⓘ
optimal law enforcement ⓘ
probability of punishment ⓘ
rational choice ⓘ
severity of punishment ⓘ
social welfare maximization ⓘ
countryOfOrigin United States ⓘ
field economics ⓘ
influenced deterrence-based criminal justice policies ⓘ
economic models of criminal behavior ⓘ
influencedField economics of crime ⓘ
law and economics ⓘ
public policy analysis ⓘ
language English ⓘ
methodology comparative statics analysis ⓘ
formal economic modeling ⓘ
proposes individuals commit crime when expected benefits exceed expected costs ⓘ
publicationYear 1968 ⓘ
publishedIn Journal of Political Economy ⓘ
relatedConcept expected punishment ⓘ
marginal deterrence ⓘ
optimal sanctions ⓘ
relatedWork The Economic Approach to Human Behavior ⓘ
status foundational paper in economics of crime ⓘ
seminal work in law and economics ⓘ
subfield economics of crime ⓘ
law and economics ⓘ
microeconomics ⓘ
theoreticalFramework neoclassical economics ⓘ
rational actor model ⓘ
topic allocation of resources to law enforcement ⓘ
design of optimal criminal justice policy ⓘ
sanction structures ⓘ
social costs of crime ⓘ

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Gary Becker → notableWork → Crime and Punishment: An Economic Approach ⓘ